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Topic: Why shipowners pay port fees in dollars – NPA  (Read 650 times)

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Why shipowners pay port fees in dollars – NPA
« on: January 01, 2023, 01:04:05 PM »
Why shipowners pay port fees in dollars – NPA

The Managing Director of the Nigerian Ports Authority, Mohammed Bello-Koko, has explained why shipowners are mandated to pay for some transactions in dollars. Bello-Koko in an exclusive interview with Sunday PUNCH in Lagos said that shipping is an international business, so all the transactions, and negotiations, among others are initiated offshore. He added that the


 
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